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McDermott opens welding and technology center in Dubai

McDermott has opened a new welding and technology center of excellence for research, development and qualification. The facility is located at the Oilfields Supply Center in Dubai’s Jebel Ali Freezone. It encompasses over 4,100 square […]

Greece, Israel sign energy deal for Eastern Mediterranean

*Israeli Energy Minister Eli Cohen News wire — Greece and Israel signed an agreement to promote regional energy stability and innovative energy projects in the Eastern Mediterranean and the European Union, the Greek Ministry of […]

Greece, Israel sign energy deal for Eastern Mediterranean

*Israeli Energy Minister Eli Cohen News wire — Greece and Israel signed an agreement to promote regional energy stability and innovative energy projects in the Eastern Mediterranean and the European Union, the Greek Ministry of […]

Mexico’s oil and gas output drops to lowest level all year in November

Mexico produced 1.747 million bpd of liquid hydrocarbon products in November, the numbers published late on Monday showed. Of this, 1.488 million bpd consisted of crude oil and 259,000 bpd condensate, a very low-density, very […]

Oil prices rise in thin pre-Christmas trade

*Crude oil stock. Tokyo — Oil prices rose on Tuesday, reversing the prior session’s losses, buoyed by a slightly positive market outlook for the short term, despite thin trade ahead of the Christmas holiday. Brent […]

Permian methane emissions dropped 26% in 2023 from previous year, new study finds

Annual methane emissions stemming from oil and gas production operations in the Permian basin decreased 26% in 2023 from the previous year—equal to the total amount of carbon emissions avoided by every electric vehicle on […]

ProPetro to deploy electric hydraulic frac fleet for large Permian operator

ProPetro Holding Corp. has entered into a term contract to provide electric hydraulic fracturing services to a large independent Permian-focused oil and gas operator. “We are pleased to announce another key strategic step for ProPetro […]

Russia calls gas sales to Europe ‘complicated’ as deal with Ukraine nears end

Ukraine has said it will not be renewing a five-year deal to pipe Russian gas to Europe, which is due to expire at the end of the year, as it does not want to aid […]

Landbridge completes acquisition of 46,000 acres in Delaware basin

LandBridge has closed its previously announced acquisition of approximately 46,000 largely contiguous surface acres, known as the Wolf Bone Ranch, in the Delaware Basin from a subsidiary of VTX Energy Partners, LLC, a […]

ADNOC focused on closing $13 billion deal for chemical firm Covestro

(Bloomberg) – The largest oil producer in the United Arab Emirates is focused on closing its nearly $13 billion acquisition of German chemical maker Covestro AG which would establish a base for international growth. […]